Syllabus FALL 2020 FIN 3000 PDF

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Baruch College The City University of New York

Principles of Finance

FIN 3000 Principles of Finance

Course Description

This course provides students with a rigorous introduction to the fundamental principles of finance. The primary concepts covered include the time value of money, principles of valuation and risk, and the nature and characteristics of domestic and international financial securities and markets. Specific applications include the valuation of debt and equity securities and capital budgeting analysis. Prerequisite: ECO 1001, ECO 1002, STA 2000, and ACC 2101

Instructor: Email:

Credits: 3 Shajan Ninan [email protected] [email protected]

Classroom:

Online

Office hours:

by appointment

Phone:

516 987 1656

Term

Fall 2020

Class Days

Fridays

Class Time

2:30 pm – 5:25pm

Notice

This course syllabus is subject to change.

Course Learning Goals Time Value of Money

Students will understand how compounding and discounting concepts are utilized when calculating the value of money. Students then will be able to estimate the prices of bonds and stocks.

Risk and Return

Students will understand the concept and measurement of risk. Students will study the relationship between risk and return of assets. Students will understand the key characteristics of different financial securities and markets, across different countries. Students will be able to identify security types based on the characteristics given.

Characteristics of Domestic and International Financial Securities and Markets

Baruch College The City University of New York

Principles of Finance

Assurance of Learning Analytical Skills

Students will possess the analytical and critical thinking skills to evaluate issues faced in business and professional careers.

Technological Skills Communication Skills: Oral

Students will possess the necessary technological skills to analyze problems, develop solutions and convey information. Students will have the necessary oral communication skills to convey ideas and information effectively and persuasively.

Communication Skills: Written

Students will have the necessary written communication skills to convey ideas and information effectively and persuasively.

Civic Awareness and Ethical Decisionmaking

Students will have the knowledge base and analytical skill to guide them when faced with ethical dilemmas in business. Students will have an awareness of political, civic and public policy issues affecting business. Students will know how differences in perspectives and cultures affect business practices around the world.

Global Awareness

Proficiency in a Single Students will possess a deep understanding of and intellectual Discipline competence in at least one business discipline.

BBA Majors: Finance Corporate Finance

Investments

Derivatives

Data Analysis

Students will develop an understanding of the key concepts of time value of money, corporate finance models for project valuation, and basic capital structure and dividend theory. Students will be able to define and calculate standard risk and return measures, value simple equity and bonds securities, and explain the modern portfolio theory and the capital asset pricing model. Students will understand the basic applications of derivatives in investments and corporate finance and will be able to discuss the characteristics of derivative products. Students will be able to analyze data and estimate models for project valuation to support business decisions

Baruch College The City University of New York

Principles of Finance

Required Materials Text Book The book contains an activation code to Connect, the online tool that we will be using throughout the semester. The register link for this class is:

ht t ps : / / connec t . mheduc at i on. c om/ c l as s / s ni nan2020f al l fi n3000

Copy and paste this address to your web browser. You should see a large “Welcome” sign on the left. On the right, there should be (from top to bottom) book name, instructor (make sure it is me, Shajan Ninan), book image and information (remember this book looks a little different than the one you will purchase). Then you should see “Enter your email to join this class:”. Simply input your email address (Baruch email accounts are preferred) and hit “BEGIN” to proceed to the create account step. Please create the account based on your true information (I need this information to upload your grade on Blackboard). Without the activation code, you can use this website for a short period of time. After you have received the text book, you can input the activation code and you will have access to this course for the whole semester.

Calculator

A financial calculator is necessary for this class. We will have quantitative financial questions that require the use of a financial calculator. Texas Instruments BA II Plus is the best choice (You do not need to buy the professional version). I will show you how to use this calculator in class. You MUST bring your own financial calculator to exams. If you are not willing to purchase a financial calculator or you forget it on an exam day, remember that the calculators are available to borrow from the library. I will not lend you a calculator on an exam day.

Baruch College The City University of New York

Principles of Finance

Course Structure and Policies Class Sessions

Class sessions combine  Topic lectures  Problem solving

Homework

Homework will be assigned on Connect. Each homework is offered with two trials. You can work either individually or with your classmates. Remember you must submit your answers to receive the credit. Late homework will not be accepted. No extensions will be given.

Excel Project

See Appendix A for details.

Exam Policies

1. Midterms will be given in-class. There will be two midterms. Midterms will not be cumulative and will be related to recent studies. Each midterm accounts for 25% of your grade. Each midterm is 1 hour and 15 minutes. 2. Final exam will be cumulative. It will account for 30% of your grade. See Appendix B for specific topics. 3. Exams will be given in different versions. Each time you only need to answer one of the different versions. 4. Exams will be in multiple choices. Scantrons will be provided. No late scantrons will be accepted. 5. Exams will be in closed-book fashion. A formula sheet will be provided by the instructor, along with scratch papers. You only need to bring pencils, erasers, a financial calculator, and your Baruch student ID. Please be sure that all phones are powered off and put away. Restroom breaks are allowed, but your cellphone(s) must be left behind with the instructor during the restroom break. 6. If you are late for the exam, you will still have to turn in the exam at the regular exam ending time. Students who come in late more than 30 minutes (midterm) or 1 hour (Final) are not allowed to take the exam. If you miss an exam, you can only take the make-up exam if you provide a ‘valid document proof’. The make-up exam will generally be harder than the one you miss. Attendance will account for 5% of your grade. I will allow for two absences. Any pre-approved absence will not be included in these two times. You need to email me before class to get approved. Each additional absence will lower your grade by 1% until you lose all 5% of your attendance grade. Late absence excuses will not be accepted. If you miss a considerable amount of the classes, I will treat it as a factor of your grade

Attendance

Other Polices

1. Blackboard and email will be used primarily for announcements. Please check your email and Blackboard frequently to keep in pace with the class. 2. Class documents will be available on Blackboard or Connect. 3. Electronic devices are allowed in class but must be muted. 4. Food and drinks are allowed in class but must be consumed subtly. 5. There will be a short break each class, around 10 – 15 minutes.

Baruch College The City University of New York

Principles of Finance

Grading Policies Homework Excel Project Attendance Midterm 1 Midterm 2 Final Exam Total

10% 5% 5% 25% 25% 30% 100%

Grading Criteria Grades A AB+ B BC+ C CD+ D F

Grades Percentage 93% – 100% 90% – 92.9% 87.1% – 89.9% 83% – 87% 80% – 82.9% 77.1% – 79.9% 73% – 77% 70% – 72.9% 67.1% – 69.9% 60% – 67% 59.9% and below

GPA 4.00 3.67 3.33 3.00 2.67 2.33 2.00 1.67 1.33 1.00 0.00

Chapters Covered Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 Chapter 11 Chapter 12

Goals and Governance of the Corporation Financial Markets and Institutions Accounting and Finance Measuring Corporate Performance The Time Value of Money Valuing Bonds Valuing Stocks Introduction to Risk, Return, and the Opportunity Cost of Capital Risk, Return and Capital Budgeting

Class Schedule (Preliminary)

Baruch College The City University of New York Class 1 Class 2 Class 3 Class 4 Class 5 Class 6 Class 7 Class 8 Class 9 Class 10 Class 11 Class 12 Class 13

Principles of Finance

August 28 Course Organization and Chapter 1 September 4 Chapter 2 and Chapter 3 September 11 Chapter 3 and Chapter 4 September 25 Chapter 4 and Chapter 5 October 2 Midterm 1 October 9 Chapter 5 October 16 Chapter 6 October 23 Chapter 6 October 30 Chapter 7 November 6 Chapter 7, Chapter 11 November 13 Midterm 2 November 20 Chapter 11 and Chapter 12 November 27 No Class Final (Time and Location TBD)

Academic Integrity The Department of Economics and Finance fully supports Baruch College's policy on Academic Honesty, which states, in part: Academic dishonesty is unacceptable and will not be tolerated. Cheating, forgery, plagiarism and collusion in dishonest acts undermine the college's educational mission and the students' personal and intellectual growth. Baruch students are expected to bear individual responsibility for their work and to uphold the ideal of academic integrity. Any student who attempts to compromise or devalue the academic process will be sanctioned. Additional information can be found here. Any infringement of this rule will be treated as a serious violation of Academic Integrity. Any suspected academic dishonesty in this regard will result in a grade of F on the exams and most likely an F in the course as well. Students should also understand that a report of suspected academic dishonesty will be sent to the Dean of Students’ office and becomes a permanent part of the student’s file.

Students with Disabilities and Other Special Needs Students with disabilities are supported in their academic studies by Baruch College’s Office of

Baruch College The City University of New York

Principles of Finance

Services for Students with Disabilities according to their Mission Statement: The Office of Services for Students with Disabilities exists to provide reasonable accommodations to students with disabilities to ensure they have equal access to the college’s programs and services. Through student intake, faculty consultation, and outreach to the community, students can develop interpersonal, social, vocational and emotional growth. Students who feel that they may need a reasonable accommodation based on a disability should contact the staff at the Office of Services for Students with Disabilities, Newman Vertical Campus, Room 2-271, or by phone at (646) 312-4590. More information is available on their website here.

Assurance of Learning Chart Significant Part of Course

BBA Learning Goals

Moderate Part of Course

Minimal Part of Course

Analytical Skills Technological Skills Communication Skills: Oral Communication Skills: Written Civic Awareness and Ethical Decision-Making Global Awareness Proficiency in a single discipline: Finance

Assignment Mapping Assignments

Course Learning Goals

BBA Learning Goals

Participation

Time Value of Money

Analytical skills

Risk and Return

Proficiency in Finance

Markets and Securities Characteristics

Communication Skills

Not Part of Course

Baruch College The City University of New York Excel Project

Time Value of Money

Principles of Finance Technological skills

Risk and return Lectures

Exams

Time Value of Money

Financial reasoning skills

Risk and Return

Global awareness

Markets and Securities Characteristics

Ethical decision making

Time Value of Money

Proficiency in Finance

Risk and Return

Analytical skills

Markets and Securities Characteristics

Technological skills

Appendix A: Excel Project (SAM) DO NOT CONTACT YOUR PROFESSOR OR RECITATION INSTRUCTOR FOR ASSISTANCE OF ANY KIND RELATED TO EXCEL PROJECTS – DIRECT YOUR QUESTIONS TO THE EXCEL HELPDESK (http://blogs.baruch.cuny.edu/excelhelp) The Excel Project The Excel Project consists of 4 projects to be completed via the SAM online platform. These projects are intended to improve your Excel skills and familiarize you with business spreadsheet applications. The last submission date for ALL projects is Nov. 27th, 2020. No extension will be given after Nov. 27th, 2020. Grading Rules. Successful completion of the 4 projects will constitute 5% of your final FIN 3000 grade. The projects are self-graded and you’ll have 3 trials to complete each one of them. Assignments submitted with scores of 80% and above will receive full credit for the assignment (i.e. 100/100 points). On-time assignments that score less than 80% will receive the exact credit earned (i.e. a score of 75% on an assignment submitted on time will be recorded as 75/100 points). Late submissions are now allowed; students will lose 1 point per day that the assignment is late. Also, late assignments will receive the exact credit earned if the adjusted total falls below 80% (e.g. a late assignment with a score of 84% and 5 days late will be recorded as [79=84-5]/100 points). Please note: Windows Excel 2016 is the best version to work on all the SAM assignments as we are using SAM 2016, which was developed around Windows Excel 2016. You can choose to use Mac or other Windows Excel versions, but we will not be responsible for the possible grading errors that are caused by using versions other than Windows Excel 2016. You can find Windows Excel 2016 on all PCs in Baruch students labs.

Baruch College The City University of New York

Principles of Finance

Due dates. Late Submissions are allowed, with points deducted accordingly as explained in Grading Rules. The last submission date for ALL projects is November 27th, 2020. No extension will be given after November 27th, 2020.

Assignment Schedule date Project 1: Pivot Tables and Charts First day of classes Project 2: Revenue Analysis First day of classes Project 3: Financial Projection First day of classes Project 4: Macros First day of classes

Due date September 20th October 11th November 8th November 27th

Pricing. You need to purchase access to the SAM platform in order to complete the projects. The cost is $40. Once purchased, your SAM account will be active until you graduate and you’ll be able to access Excel projects in other classes in the future. If you have a SAM account from a previous class, simply login to SAM (you do NOT need to purchase access again) and join your new class (see instructions below). Obtaining access to SAM if you already have a SAM Login: 1. Go to http://sam.cengage.com. 2. Enter your username and password, and then click “Log In”. (If you have forgotten your password, click “Forgot your password?” and enter your username. You will be asked to answer your secret security question and a reset password link will be sent to your email address).

Obtaining access to SAM if you are a NEW USER: 1. 2. 3.

Go to http://www.cengage.com/micro/7340MC to purchase your access code. Buy the digital stand-alone product for $40. Once you have obtained your access code, go to http://sam.cengage.com and click the New User button. 4. Enter your Institution Key. The Institution Key for Baruch College is T2031850. 5. Insert your SAM Access Code that you purchased in Step #1. 6. Create your Profile. Please use your Baruch email address and official roster name when you create your profile! (Not using your Baruch email address may lead to issues when merging your SAM grade into your final grade.) Enter a secret question and answer that will be used for security purposes should you forget your password. Confirm your profile information and accept the License Agreement.

Baruch College The City University of New York

Principles of Finance

7.

If the Username you enter exists in CengageBrain, a prompt displays so you can enter your CengageBrain password. If you cannot retrieve your password using the Forgot your password? link, you can create a new SAM account with a different Username. 8. If you have problems with any of these steps you can find a PowerPoint presentation on blackboard with instructions. Once you have access to SAM (for NEW or EXISTING USERS)” 1.

Join a Section. If not already enrolled in a section, click the “Sections” tab at the top of the screen. Click “Join a Section”, and locate your section (FIN 3000) and term (Spring 2019), then click the blue arrow icon in the “Join Section” column on the right. You MUST join the section to see your assignments. 2. Access your Assignments. Click on Activity List on the top navigation bar to retrieve the assignments (“Projects”) scheduled for your section. You can access the Excel Tutorials (“Training”) for help in completing the assignments. You also have access to 21 voluntary projects with no deadlines. (“Projects”). 3. You must have the latest Flash Player installed to see assignments. If necessary, go here to download and install: http://get.adobe.com/flashplayer/. 4. You must have pop-up windows ENABLED for the SAM site in order to see your assignments.

Viewing the SAM tutorials before doing the projects increases your chances of a successful and quicker project completion. Completing the voluntary projects will significantly improve your Excel skills which are invaluable both in your future academic and professional career. Academic Integrity. SAM detects files shared with other students and generates a report for the instructors with the names of plagiarizing students and all parties involved. Students caught cheating will be reported to the Office of the Dean of Students for disciplinary action. Troubleshooting. Several resources are available to you should you encounter any problems: Blackboard. As a student enrolled in this class, you also have an access to the Excel Project’s dedicated Blackboard FALL 2020 Excel Module for FIN 3000 (Baruch). This website contains additional materials and links that will help you navigate the SAM website and complete your projects. We will also post the answers to students’ questions there and remind you about the assignment deadlines. SAM Help Desk. Students with questions about SAM can access the help desk either of two ways: through Blackboard (content: "Excelhelp") or at http://blogs.baruch.cuny.edu/exc...